Transport Act 2000

9 (1) Except where paragraph 8 applies, a non-metropolitan local traffic authority’s share of the net proceeds of a relevant scheme is available to be applied only as may be specified in, or determined in accordance with, regulations made by the appropriate national authority.

(2) Regulations under sub-paragraph (1) may include provision conferring a discretion on any person.

(3) The provision that may be made by regulations under sub-paragraph (1) includes provision for paragraph 8 to apply with the substitution for the number for the time being mentioned in sub-paragraph (5) of that paragraph of a number of years greater than ten.

(4) A share of the net proceeds of a relevant scheme may only be applied in accordance with regulations under sub-paragraph (1) in ways which provide value for money.

(5) Before making any regulations under sub-paragraph (1), the appropriate national authority shall make an assessment of—

(a) the likely amounts of the non-metropolitan local traffic authorities' shares of net proceeds of relevant schemes, and

(b) the potential for applying them in accordance with paragraph 8 in ways which provide value for money.

(6) The appropriate national authority may issue guidance with respect to the appraisal of whether any application by non-metropolitan local traffic authorities for any purpose of their shares of net proceeds of relevant schemes provides value for money; and non-metropolitan local traffic authorities shall, in determining how to apply such shares, have regard to any such guidance.